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Samsonite acquires Speck Products for $85 million

Luggage company Samsonite International S.A. has announced its acquisition of leading case manufacturer Speck Products for $85 million. Speck is the maker of a number of well-reviewed iOS cases, most notably its often-imitated CandyShell. The acquisition is Samsonite’s “first foray outside of what is considered the ‘traditional’ luggage space, into a different, yet complementary, product segment,” Samsonite CEO Tim Parker said in a statement. By all indications, it appears the Speck brand will remain intact.